this post was submitted on 16 Jul 2024
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Doesnt he have a fiduciary responsibility to the share holders? How is this unnecessary move going to help increase their value?
Please lets think of the shareholders!
Unless I'm mistaken they've always been based in Texas. Like look at their corporate license, they're incorporated in Texas. SpaceX isn't moving shit, he's just talking out his ass per usual.
SpaceX is not publicly traded, so there are no (public) shareholders to be beholden to
There are stake holders that are not elon he only has like 54% still a fiduciary responsibility